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Buying a franchise (30)
An easy option?
Buying a franchise allows you to set
up your own business without starting from scratch. You use a tried and
tested formula, and benefit from the experience and support of the 'franchisor'
(the company offering the franchise).
Franchisees can enjoy many of the benefits of self-employment with less
risk.
Successful franchise operations have a much lower failure rate than completely
new businesses. You can make a good living (though rarely a fortune),
if you make the business work.
But you need to be aware of the potential pitfalls.
This briefing outlines:
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